A tech-savvy Sky Betting & Gaming (Sky Bet) dominated Monday’s industry headlines reporting stellar half-year results. Focusing on the in-house development of its platforms and systems, combined with rich data for greater personalisation of its website and mobile verticals, Sky Bet continues to show its technology pedigree against the industry’s legacy incumbents. City analysts are keeping a close eye on …

The governance of Sky Betting & Gaming (SB&G) has stated that the betting operator has no current plans regarding a corporate flotation. SB&G has moved to dismiss industry rumours, as UK newspaper The Sunday Telegraph reported this weekend that private equity owners CVC Capital Partners were eyeing the floatation of its asset in early 2017. Acquired from UK broadcaster BSkyB …

Having agreed to acquire Italian bookmaker Sisal for €1 billion, private equity firm CVC Capital Partners acquires its third gambling operator in less than two years. Having spent + €3 billion on European betting operators, Scott Longley gauges the impact and motives for this PE giant extending its influence within the sector _________________________ The latest acquisition by private equity house …

Sky Media (Sky) former owners of Sky Betting and Gaming (Sky Bet) has revealed that it earnt £620 (€885 million) from the sale of the online sports betting and igaming operator to private equity investor CVC Capital (first announced December 2014). The deal which was finalised on 19 March 2015, saw Sky sell an 80% controlling stake in Sky Bet …

Private equity firm CVC Capital has confirmed the completion of its 80% acquisition stake of Sky Bet from BSkyB. CVC Capital confirmed that its £800 million has been cleared of all regulatory compliances, allowing for the deal to be finalised. Under the terms of the transaction, BskyB has received cash of £600m and a vendor loan note, and will be …

Private equity group CVC Capital Partners announced that it was due to close its £390 million leveraged loan which will be used in the acquisition of a controlling stake in BskyB’s Sky Bet operations. CVC Capital had adjusted loan margins and added further investment conditions in order to attract investors to the deal. Reuters Business news reports that the £390 …